KLCI continues climb above 1,600

KUALA LUMPUR: The FBM KLCI extended its over lead over the 1,600 psychological level in early morning trade as foreign buying support return to the market.

At 9.09am, the benchmark index was up 2.29 points to 1,602.88.

"Given the higher oil prices resulting from the recovery of the global economy coupled with the smooth ongoing Covid-19 vaccination, there should be some optimism in the market.

"Meanwhile the crude palm oil price has rebounded again above the RM3,800 level," said Malacca Securities Research.

Some buying interest has returned to glove counters with Top Glove rising 14 sen to RM5.05 and Hartalega adding 20 sen to RM9.45 while Supermax climbing 22 sen to RM4.25.

Smaller sector rivals were also on the rise with Careplus adding 13 sen to RM1.53, Comfort Gloves adding 12 sen to RM2.17 and Rubberex gaining 10 sen to RM1.19.

Bank stocks however remained mostly lower with Maybank slipping eight sen to RM8.40 and CIMB dropping two sen to RM4.33.

Of actives, Luster rose 1.5 sen to 25 sen, DGB added one sen to seven sen and LKL gained six sen to 34.5 sen.

Meanwhile, Axiata and Digi said in separate filings with Bursa Malaysia that trading in their shares have been suspended effective today pending an announcement.
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Bursa Malaysia , FBM KLCI , equities


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